Insider Selling: Cricut, Inc. (NASDAQ:CRCT) CEO Sells 21,250 Shares of Stock

Posted by Maurice Goldstein on Feb 5th, 2025

Cricut, Inc. (NASDAQ:CRCT – Get Free Report) CEO Arora Ashish sold 21,250 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $5.27, for a total value of $111,987.50. Following the sale, the chief executive officer now directly owns 3,672,877 shares of the company’s stock, valued at approximately $19,356,061.79. This represents a 0.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Arora Ashish also recently made the following trade(s):

On Wednesday, February 5th, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $5.66, for a total transaction of $120,275.00.
On Thursday, January 23rd, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $5.86, for a total value of $124,525.00.
On Tuesday, January 21st, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $5.75, for a total transaction of $122,187.50.
On Wednesday, January 8th, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $5.63, for a total value of $119,637.50.
On Monday, January 6th, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $5.93, for a total transaction of $126,012.50.
On Friday, December 20th, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $5.94, for a total transaction of $126,225.00.
On Wednesday, December 18th, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $6.31, for a total value of $134,087.50.
On Wednesday, December 11th, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $6.00, for a total value of $127,500.00.
On Monday, December 9th, Arora Ashish sold 60,000 shares of Cricut stock. The stock was sold at an average price of $5.87, for a total transaction of $352,200.00.
On Monday, November 25th, Arora Ashish sold 54,839 shares of Cricut stock. The shares were sold at an average price of $5.29, for a total transaction of $290,098.31.

Cricut Stock Performance

Shares of CRCT stock traded up $0.19 during trading hours on Wednesday, reaching $5.71. The company had a trading volume of 211,132 shares, compared to its average volume of 262,693. The stock’s fifty day simple moving average is $5.73 and its 200 day simple moving average is $5.96. The company has a market capitalization of $1.22 billion, a P/E ratio of 20.39 and a beta of -0.02. Cricut, Inc. has a twelve month low of $4.43 and a twelve month high of $8.40.

Cricut (NASDAQ:CRCT – Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). The firm had revenue of $167.89 million for the quarter, compared to analysts’ expectations of $165.35 million. Cricut had a net margin of 8.47% and a return on equity of 12.36%. During the same quarter in the prior year, the business earned $0.08 EPS. As a group, equities analysts expect that Cricut, Inc. will post 0.28 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CRCT. Tenzing Global Management LLC raised its stake in Cricut by 4.9% during the third quarter. Tenzing Global Management LLC now owns 2,150,000 shares of the company’s stock valued at $14,900,000 after buying an additional 100,000 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Cricut by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,081,319 shares of the company’s stock valued at $7,495,000 after acquiring an additional 9,940 shares during the last quarter. State Street Corp raised its position in shares of Cricut by 3.2% during the 3rd quarter. State Street Corp now owns 1,019,025 shares of the company’s stock valued at $7,062,000 after acquiring an additional 31,584 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Cricut by 175.0% during the fourth quarter. Bank of New York Mellon Corp now owns 476,540 shares of the company’s stock worth $2,716,000 after purchasing an additional 303,236 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Cricut by 296.2% in the third quarter. JPMorgan Chase & Co. now owns 185,098 shares of the company’s stock worth $1,283,000 after purchasing an additional 138,385 shares during the period. 19.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group cut their price target on Cricut from $6.50 to $5.75 and set a “neutral” rating for the company in a report on Wednesday, November 6th.

View Our Latest Analysis on CRCT

About Cricut

(Get Free Report)

Cricut, Inc engages in the design, marketing, and distribution of a creativity platform that enables users to turn ideas into professional-looking handmade goods. It operates through three segments: Connected Machines, Subscriptions, and Accessories and Materials. The company offers connected machines, design apps, and accessories and materials for users to create personalized birthday cards, mugs, T-shirts, and large-scale interior decorations.